Understanding your local rental market can be challenging. Our articles help you set the right price point for rent.
From San Francisco to Manhattan, not to mention Washington D.C., people are experiencing the rapid price jumps that come with living in a cultural and business hub in the United States. It makes sense to move to these central locations to experience all the big city has to offer, but it often comes at a cost.
As a renter, you rent from a landlord or property management company and typically sign a legally-binding lease or document that protects both you as a renter, and the person who owns the property. These agreements between landlords and tenants cover a variety of subjects and areas, working to provide both parties with what they need to ensure a successful, working relationship.
When it comes to using your money wisely, there is no better way to do it than investing in some rental property. Not only will you get monthly payments from your tenants, but you’ll also be able to sell it for at least the price you bought it at, if not more (if you’re smart about it, that is). The worst thing that can happen is to lose value on a property, and we all dread this happening, but it doesn’t have to be this way! So make sure that your investments maintain their value by following t
One of the most prominent issues that landlords come in contact with when having rental property is having tenants that don’t pay their rent on time. Although one late payment may not actually put you over the edge, the pattern could eventually hurt your wallet.
Online bill pay allows renters to pay quickly, easily and conveniently without all the stamps and envelopes of the past. In addition, online bill pay can greatly increase landlord efficiency and streamline all of your tenant operations. It’s easy to see why 61% of millennials and 42% of older generations choose to pay their rent online rather than send a check.
Owning rental property means staying up to date with maintenance as well as overall property needs. It is important to have detailed information about every property you own, ensuring that you complete upgrades when needed.
Are you considering investing in a property that would function as student housing near a university or college? In the United States, there are hundreds of cities located near colleges and universities where you can purchase a property that can be marketed towards students.
If you are diving into the residential rental game, it’s time to learn how to make your rental stand out. You want to attract the best tenants and to do so, you must make your property stand out above the competition.
Rental vacancy advertising has changed a lot over the years. Back in the old days, people flipped through newspapers to find vacant properties. That evolved, and landlords started putting ads up in local libraries and grocery stores. Now, with the help of the internet, people have more options than ever before. Modern listing management software like VerticalRent® empowers landlords, brokers, and property managers with a unified lead experience. What does that mean?
One of the most prominent issues that landlords encounter when having rental property is having tenants that don’t pay their rent on time. Although one late payment may not actually put you over the edge, the pattern could eventually hurt your wallet.
Buying single family homes for rental properties is an excellent way to generate income. Before you buy houses, finding the right market to either get started or branch into is important as not all rental markets are equal.
Florida is known for its beautiful weather, beaches and night life. For these reasons and many more, the Sunshine State frequently ranks as one of the best places to live.
The rental housing business is very local and it takes time and effort to understand a local market and all the nuances that go with it.
Recognized around the world for its football program and made famous by Joe Paterno and the Nittany Lions, Penn State is one of the most well-known universities in the country.
For fans of the hit TV show "The Office," Scranton, Pennsylvania, represents fond memories of the lovable cast who brought Dunder Mifflin to life each week. Surprisingly, some of the beloved places featured on the show actually exist.
While the American dream has traditionally been one of homeownership, more and more Americans are seeing that dream slip from their fingers.
Operating a rental property in Allentown, Pennsylvania, can be a solid business opportunity, but you must understand how to balance risks in order to take full advantage of the profit potential made available.
Known as the City of Brotherly Love, Philadelphia, Pennsylvania, certainly has a lot going for it. It should come as little surprise that so many people are attracted to the idea of calling Philadelphia home.
Throughout the United States, the housing market has experienced a recovery, and the State of Virginia has increased demand.
While rents have been steadily on the rise the past few years, renters in Seattle have recently received a bit of good news in that fewer landlords have increased their rents over the past year.
In Missouri, renters are facing rising prices, reflecting a situation that is occurring throughout much of the United States.
For renters seeking available properties in Erie and Pittsburgh, Pennsylvania, the search may be tougher than they expected. For instance, in Erie County, the number of renters has been on the rise in the last few years.
There may be more rental properties in development in Columbus, Ohio, but rent prices are still on the rise.
In Portland, Oregon, the average apartment rent is about $1,300, compared to about $1,180 just one year ago.
While Detroit, Michigan may have gained a poor reputation as both industry and residents fled the city in the aftermath of the Great Recession, today, that appears to be changing.
With some of the most spectacular natural beauty in the world, Hawaii is a coveted destination for everyone from travelers to retirees.
While rental prices are on the rise throughout much of the country, in Minneapolis, rental prices have actually declined slightly.
In South Florida, the rental market remains strong. This is particularly true in Miami, where the rental market has experienced a tremendous increase in rental prices over the last five years.
In Las Vegas, the rental market is growing at a steady pace.
In Indianapolis, rent prices are booming as the economy continues along the path of a remarkable recovery.
Many cities around the country are experiencing a tightening rental market and higher prices as a result, but in Denver, rental prices are soaring at even higher levels.
Tenants searching for available rental properties in Fort Lauderdale will have an increasingly difficult time in finding them, reports the Sun Sentinel.
Rents are on the rise around the country, and new data reveals that the rental market in Charlotte is among the fastest growing in the country.
Rents are on the rise in Dallas. According to The Dallas Morning News, effective rents in the Dallas-Fort Worth area have experienced a 5 percent increase year-over-year.
In the last few years, Austin has experienced a veritable explosion, as transplants from other parts of the country relocated to Texas to take advantage of the strong economy and job market.
In Boston, rent prices continue to climb. Zilpy reports that during the month of January 2015, rents in the Boston metro area climbed by an average of 5.18% compared to the previous month
For several years, the rental market in San Francisco has been what could best be described as overheated, with rents escalating each year.
Price hikes in rent have become a common occurrence in the New York City rental market, where during the previous year, Brooklyn, Manhattan, and Queens all witnessed spikes in rental prices.
According to CNBC, rents are on the rise in the Windy City. The purchase of a 60-story luxury apartment tower located in downtown Chicago recently set a record sales price.
Now that homeownership rates have dropped to the lowest level in two decades, single-family rental investors have found that there are many opportunities within the housing market.
In Houston, Texas, the rental market is growing by leaps and bounds. According to the Houston Association of REALTORS, 2014 showed record levels for the local Houston housing market, with home sales prices and volume reaching record heights.
According to CBS Miami, the state of Florida has benefitted from three consecutive years of ground-breaking tourism numbers, which is due in part to allowing homeowners to rent their properties seasonally.
The most troubling aspect of being a landlord is tenants who damage your property, from putting holes in the wall, to complete trashing, and even worse.
Maintenance on a rental property can be a confusing issue. Renters may mistakenly assume all maintenance is the responsibility of the leasing agent and maintenance staff but this is usually not true.
As a landlord, you have a number of responsibilities. Not only is it important to make certain that your investment is protected, but it is also important to ensure your property is safe for inhabitation.
Attracting great tenants is an important goal of most landlords, but once you have found them, you need to know how to keep them. Understanding what quality tenants look for in a rental property can help you to keep vacancies at a minimum.
There are many ways in which a person can make a living when it comes to real estate investing some of them carry more risks than others.
There comes a time when every landlord finds himself / herself in a difficult position of having his rental property occupied by a tenant who is not paying rent, or is making a nuisance of himself.
There are two lines of cases in Ohio which deal with whether courts will enforce lease provisions allowing a landlord to charge tenants for late fees.
If you are a landlord, you know how lucrative and exciting it can be to collect rent. If you are experienced, then you already know that the greatest assets to a landlord are great tenants who always pay on time. The opposite is also true.
From time to time you will have vacancies in your investment rental property. When that occurs, you will naturally want to rent the property as quickly as possible so that you do not lose out on any rent money.
The ultimate goal of investing in rental property is turn a profit. To make sure that you achieve that goal it is essential that you follow several critical guidelines.
Classic business philosophy teaches that a great part of survival and subsequent success lies in an operation's ability to reduce mistakes.
What if you want better cash flow from your rental properties? You can't just raise the rents arbitrarily. If tenants leave, income goes down, not up.
Owning rental investment property can be a satisfying and lucrative operation; however, there are also several areas which need to be carefully heeded.
Finding the right rental property is certainly one of the keys to succeeding with investment rental property.
While many investors who purchase rental property focus on residences intended for year-around living, there is no denying the fact that vacation rental properties can provide an excellent income revenue.
In order to succeed when you invest in rental properties it is necessary to show your property to potential tenants.
The process of searching for investment rental property can be exciting; however, before you get too excited it is important to run some preliminary numbers to make sure you know exactly what you are facing to ensure a successful investment.
Those who live in a rental property may have questions regarding how they should care for their dwelling.